Chefs' Warehouse Endures Big Business Headwinds
The food industry is seeing a major transformation: Technological advances and efficient distribution networks are allowing massive changes to the ways that consumers have traditionally purchased food. The Chefs' Warehouse (NASDAQ: CHEF) has made a point of emphasizing the highest-quality ingredients among its available products, in order to give its high-end customer base a reason to stick with it despite rising competition.
Coming into Wednesday's third-quarter financial report, Chefs' Warehouse investors were expecting to see continued gains in the specialty-foods distributor's key financial metrics. The numbers the company reported were solid, and guidance was encouraging, yet investors still felt like something was missing. Let's look more closely at Chefs' Warehouse to discover what's been happening with the company lately.
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Source: Fool.com
